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Here's Why The Stock Market Is Rigged According To Michael Lewis

Michael Lewis is the most popular writer on Wall Street and its rigged ways. His most controversial view is on the impact of high frequency trading. In the current market environment, it's a proven fact that high frequency traders know what the average investor is about to buy (or sell) and how much they have on the line. These traders know this even before the average person executes his or her transaction to buy or sell.

One great example comes from Lewis himself. He once spoke with a man at TD Ameritrade. This man was responsible for selling TD Ameritrade's data to high frequency traders and hedge funds. Essentially, he was selling the order feed of average investors to Wall Street. This information was then used to front-run and manipulate orders. Watch the video below for more and make sure to read his book: